Achieving net zero by 2050 is still possible, but requires tripling renewable energy capacity by the end of the decade and increasing green investments to $4.5 trillion a year globally by the early 2030s, according to a new report from the International Energy Agency.
Daniel Andrews has resigned as the premier of Australia’s state of Victoria, home to the city of Melbourne, citing burnout and an awareness that it was time to move on.
Vietnam protested China’s installation of two automatic vessel identification stations in the Paracel Islands, saying it’s a violation of the Southeast Asian nation’s sovereignty.
Indian iron ore exports have surged this year as steel mills, mainly in the biggest buyer China, switched to lower-grade, cheaper feed in the face of dwindling profits.
The yuan weakened toward the limit of its fixed trading band against the dollar, as China’s worsening property crisis and a stronger dollar delivered a one-two punch to the embattled currency.
Some investors warn that buyout firms are borrowing at interest rates of as much as 19% and the risk of wider fallout is growing.
Investors overseeing $23.6 trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss.
During his three decades at investment bank Morgan Stanley, Franck Petitgas developed a reputation for solving problems that vexed others. Fixing the UK’s creaking power grid could be his most challenging task yet.
South Korea will allow offshore companies to apply for the right to trade in the local currency market from next month, taking another step forward in its effort for won securities to be included in major indexes.
Philippine central bank Governor Eli Remolona said he’s open to an unscheduled interest-rate hike before the November meeting, doubling down on his hawkish stance as he also ruled out easing in the first half of 2024.
